• Ryanair Holdings average return on tangible equity for 2023 was 40.81, a 1780.65% increase from 2022.
• Ryanair Holdings average return on tangible equity for 2022 was 2.17, a 115.43% increase from 2021.
• Ryanair Holdings average return on tangible equity for 2021 was -14.06, a 28.19% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.